Garden of Dreams Community Preschool and Child Care

Analysis

Garden of Dreams Community Preschool and Child Care is a registered charity in United States, based in Battle Creek, MI. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Garden of Dreams Community Preschool and Child Care reported income of $1.3m and spending of $991k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $707k to $1.3m (+91%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Garden of Dreams Community Preschool and Child Care sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Riverdale Nursery School and Family Center ($1.3m), Ace Academy ($1.3m) and Lead Liberated ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $55k (5.6% of expenses). Other salaries and wages came to $614k. At year end it held assets of $854k against liabilities of $3,889, net assets of $850k. It reported 46 employees.